Airain ltd Takes $152,000 Position in Career Education Corporation (CECO)

Airain ltd acquired a new stake in Career Education Corporation (NASDAQ:CECO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,885 shares of the company’s stock, valued at approximately $152,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in shares of Career Education Corporation during the first quarter worth about $100,000. State of Alaska Department of Revenue boosted its stake in shares of Career Education Corporation by 80.2% during the second quarter. State of Alaska Department of Revenue now owns 12,813 shares of the company’s stock worth $123,000 after buying an additional 5,703 shares during the period. Fox Run Management L.L.C. boosted its stake in shares of Career Education Corporation by 23.9% during the second quarter. Fox Run Management L.L.C. now owns 13,500 shares of the company’s stock worth $130,000 after buying an additional 2,600 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Career Education Corporation by 7.1% during the first quarter. Mason Street Advisors LLC now owns 15,064 shares of the company’s stock worth $131,000 after buying an additional 996 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Career Education Corporation by 64.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 22,900 shares of the company’s stock worth $199,000 after buying an additional 9,000 shares during the period. Institutional investors own 75.38% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Piper Jaffray Companies reiterated a “hold” rating and set a $13.00 target price on shares of Career Education Corporation in a research note on Friday, July 21st. BidaskClub downgraded shares of Career Education Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th.

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Career Education Corporation (NASDAQ CECO) opened at 9.54 on Tuesday. The stock’s market capitalization is $658.99 million. Career Education Corporation has a 12-month low of $6.39 and a 12-month high of $12.59. The company’s 50-day moving average is $8.92 and its 200 day moving average is $9.24.

Career Education Corporation (NASDAQ:CECO) last posted its earnings results on Wednesday, August 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.11. The firm had revenue of $146.20 million during the quarter, compared to analyst estimates of $147.80 million. Career Education Corporation had a negative net margin of 3.82% and a positive return on equity of 3.73%. Career Education Corporation’s revenue was down 19.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. On average, analysts predict that Career Education Corporation will post $0.18 EPS for the current year.

In other news, Director Gregory L. Jackson bought 10,000 shares of Career Education Corporation stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of $8.78 per share, with a total value of $87,800.00. Following the purchase, the director now directly owns 30,866 shares of the company’s stock, valued at approximately $271,003.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.88% of the company’s stock.

Career Education Corporation Company Profile

Career Education Corporation, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. The Company’s American InterContinental University (AIU) and Colorado Technical University (CTU) provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels.

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Institutional Ownership by Quarter for Career Education Corporation (NASDAQ:CECO)

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